Average Price for property in New Cross is around £361,807 which varies based on type of property you are interested in and ranges from £467,442 for detached house to around £649,108 for semi-detached. Similarly terraced house is around £486,561 and a flat is worth £264,408. Values have been changing and have risen £2,315 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,334 in last 6 months, £35,694 in last 1 year, £72,962 in last 2 years, £84,730 in last 3 years, £85,733 in last 4 years and £95,075 in last 5 years.
Currently average asking price of a property in New Cross is around £403,923 based on approximately 236 properties for sale. Same is the case with rental options based on 50 properties up for rent, average asking rent is around £1,299 per month.
Estimated property value in New Cross is £361,807. Average asking price is £403,923 while average price paid is £356,589 which is up by £35,694 and Avg. asking rent £1,299.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in New Cross area. In last 1 year alone average price buyer paid is around £356,589 based on approximately 236 sales in New Cross area alone. If you compare it to last 3 years sales of 700 properties where buyers paid around £317,700. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £300,794 for 1,035 and average amount paid for purchase of approx. 1,352 properties sold in last 7 years comes to about £285,137 per sale.